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GARIBALDI CLOSES $2,291,445 TO FUND 2022 EXPLORATION PROGRAMS
GARIBALDI CLOSES $2,291,445 TO FUND 2022 EXPLORATION PROGRAMS Canada NewsWire ...
About this update from Garibaldi Resources Corp.
[{"type":"text","content":"\n \n \n \n GARIBALDI CLOSES $2,291,445 TO FUND 2022 EXPLORATION PROGRAMS\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntar{\nTEXT-ALIGN: RIGHT\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n.prnml120{\nMARGIN-LEFT:10.00em !IMPORTANT\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n /NOT FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n TSXV: GGI\n \n OTC: GGIFF\n \n \n Frankfurt\n \n : RQM\n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n July 26, 2022\n \n \n /CNW/ - Garibaldi Resources (TSXV: GGI) (the \"\n \n Company\n \n \" or \"\n \n Garibaldi\n \n \") is pleased to announce the closing of the flow-through portion of the non-brokered private placement financing (the \"\n \n Financing\n \n \") announced on\n \n July 5, 2022\n \n . The Company sold an aggregate 5,328,944 flow-through units (each, a \"\n \n Unit\n \n \") at\n \n $0.43\n \n per Unit for aggregate gross proceeds of\n \n $2,291,445.92\n \n . Each Unit was comprised of one flow-through common share and one-half of one common share purchase warrant. Each whole warrant is exercisable at\n \n $0.55\n \n per common share for a period of two years. The flow-through portion of the Financing was over-subscribed by almost 15%.\n \n \n The proceeds from the Financing will be used to explore Garibaldi's base metal projects under the new Federal Government (CMETC) initiative announced in the most recent federal budget, including the Nickel Mountain Gabbroic Complex and the newly identified base metal corridor along strike of the 15 km long NMGC, within the Eskay district of\n \n Northwest British Columbia\n \n .\n \n \n The Company paid cash finder's fees of\n \n $126,960.05\n \n and issued 295,255 share purchase warrants (the \"\n \n Finder's Warrants\n \n \") to three finders led by GloRes Securities Inc. in connection with certain subscriptions in the Financing. The Finder's Warrants are exercisable at\n \n $0.43\n \n per common share for a period of two years.\n \n \n All securities issued in connection with the Financing are subject t...